Business in the Seychelles, Victoria

The objectives of the subject “Foreign Trade and Business in the Republic of the Seychelles” are the following:

1. To analyse the Seychellois Economy and Foreign Trade (Import, Export, FDI)
2. To know the business opportunities in the Seychelles
3. To explore the Seychellois trade relations with the country of the student
4. To know the Seychellois Free Trade Agreements
5. To examine the profile of Seychellois companies
6. To develop a business plan for the Seychellois market

Seychellois Preferential Access and Free Trade Agreements

1. The Seychelles and the East African Economic Area
2. Common Market for Eastern and Southern Africa (COMESA)
3. Southern African Development Community (SADC)
   1. European Union-SADC Free Trade Agreement (FTA)
4. COMESA-EAC-SADC Tripartite Agreement
5. African Continental Free-Trade Area (AfCFTA)
6. Indian Ocean Commission
7. Indian-Ocean Rim Association (IORA)
8. United States-Seychelles:
   1. AGOA Act
   2. Trade and Investment Framework Agreement (COMESA)
9. European Union-Seychelles
   1. Africa-European Union Strategic Partnership (Cotonou Agreement)
   2. Free Trade Agreement European Union-Eastern and Southern African States (Madagascar, Mauritius, Seychelles, Zimbabwe)
10. Free Trade Agreement (FTA) with India
11. United Kingdom-Mauritius-Seychelles-Zimbabwe Free Trade Agreement (FTA)

Trade Facilitation Programs

1. World Trade Organisation (WTO)
   1. WTO General Agreement on Trade in Services (GATS)
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS)
   3. WTO Agreement on Technical Barriers to Trade (TBT)
   4. WTO Agreement on Preshipment Inspection (PSI)
   5. WTO Agreement on Safeguards (SG)
   6. WTO Trade Facilitation Agreement (TFA)
2. World Customs Organisation (WCO)
   1. Revised Kyoto Convention (RKC)
3. International Bureau of Containers and Intermodal Transport (BIC)
4. International Civil Aviation Organisation (ICAO, Chicago Convention)
5. International Maritime Organisation (IMO)
   1. Convention Relating to Temporary Admission (Istanbul Convention) - not a member
6. Customs Convention on Containers (CCC, UN) - not a member

African Trade and Economic Organisations

1. Economic Commission for Africa (ECA)
2. African Union (AU)
   1. African Union Convention on Preventing and Combating Corruption
   2. African Union Development Agency (AUDA-NEPAD)
3. African Development Bank (AfDB)
4. Africa-Asia Strategic Partnership (NAASP)
5. Africa-Korea Partnership
6. Africa-Japan Cooperation (TICAD)
7. Africa-South America Summit (ASA)
8. Afro-Arab Cooperation
9. Arab Bank for Economic Development in Africa (BADEA)
10. Forum on China-Africa Cooperation
11. Africa-India Framework for Cooperation
12. Africa-BRICS (Brazil, Russia, India, China, South Africa)
13. Africa-Turkey Partnership

Global Economic Organisations

1. World Bank (WB)
2. World Trade Organisation (WTO)
3. International Monetary Fund (IMF)
4. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. World Intellectual Property Organisation (WIPO)

The Republic of Seychelles (Africa).

The Seychelles is the first African Country by the Human Development.

1. Seychellois Area: 455 square kilometres
2. Seychellois Capital: Victoria
3. Seychellois Population: 94,000
   1. Bantu
4. Adult literacy rate: 96%
5. Official Languages of the Seychelles: Creole, English, and French
6. Independence of the Seychelles: 1976 (United Kingdom)
7. Type of Government: Socialist Multi-Party Republic
8. Civil Law of the Seychelles: based on the French Napoleonic Code. Criminal law: based on the British laws
9. Nearest countries to the Seychelles: Mozambique, the Comoros, and Mauritius

Religion: 86% of Seychellois are Catholics.

The Seychelles belongs to the Eastern African Economic Area (African Civilisation).

More information about the Seychelles (EENI African Portal).

Economy of the Seychelles:

1. Seychellois GDP growth: 3.5%
2. Tertiary sector: 71% of the GDP
3. Inflation in the Seychelles: 4.4%
4. Top Seychellois sectors: tourism (29% of the GDP), construction, private consumption, financial and insurance services, and information and communication technology
5. Top agricultural products in the Seychelles: copra, cinnamon bark, and tea
6. The Seychellois Natural resources: fish, coconut, cinnamon, Petrol, and gas
7. Top Seychellois exports: canned tuna, fish, frozen prawns, cinnamon bark, medical appliances, and metals
8. Top Seychellois trading partners: France, Germany, Italy, Japan, South Africa, Sri Lanka, the United Kingdom, the United States, the European Union (EU), and the COMESA (Common Market for Eastern and Southern Africa) countries
9. Currency of the Seychelles: Seychelles Rupee (SCR)
10. Special Investment Zones in the Seychelles